Downtrend ended, ready to goDowntrend is finished.
RSI is suitable for an uptrend.
Cup & handle formation got the confirmation, so? Ready to go.
TP 4.25
SL 1.98 or follow blue trend line.
Target 43.79Following 2 formations in weekly chart.
I think ready to break downtrend
Also there is a cup & handle formation.
TP1 37.42
TP2 39.85
TP3 43.79
SL 25.46
Medium risk opportunity ON VALBIOTIS!!On this unit of time, has the underlying uptrend run out of steam or is it lacking in power? The short term does not yet offer any information that would allow anticipating a resumption of the bullish movement or a correction. The hand is generally with the buyers even if a small correction (not treatable) on the support located at 6.63 EUR remains possible. You should trade VALBIOTIS with the greatest caution, while favoring long positions (to buy) as long as the price remains well above 6.63 EUR. The next bullish target for buyers is set at 7.72 EUR. A bullish breakout of this resistance would revive the bullish momentum. Buyers could then aim for resistance at 8.12 EUR. In the event of a breach, the next objective would be the resistance located at 8.50 EUR. In case of a downside breakout of the support located at 6.63 EUR we invite you to generate a new automatic technical analysis. Indeed, the conditions should have evolved. The price should certainly be more clearly bearish in the short term and the underlying uptrend in this unit of time would certainly be attenuated.
Sharing my thoughts and observations on SWIf this wave count is correct, we can expect a decline coming soon - subject to the respective technical confirmations as well...
Sexy Price Action My elected setup showed up again and here I am to follow my rules and trust my edge.
In this chart, I like particularlly the sexy price action change footprint. These two last bullish candles, lastest of which making a 31 bar high (wait for closure - I'm in a rush for Friday night beers, only entering next candly if things remain as is), have a profile drastically different form the past 30 candles. The bears had few or none interest in selling during the 58 day consolidation preceding this breakout. Plus, the bulls, in command, are awaken again.
Analysis:
1. Stock in a uptrend - trading above 50 & just brokern out 200MA.We are hence looking for long opportunities;
2. Price close to a value zone - 50 MA. Now we have a reference to set our stoploss.
3. Trigger is this last big bullish candle breaking out a wedge pattern formed by the last 48 candles.
Note: I would prefer of course a 50 MA slopping upwards more proeminently, but price action is is promising.
Usual trade management + risk management rules.
SYSTEM AVAILABLE @ easy-trades.blogspot.com
Cheers,
RR
40 resistance broken, next is at 43.6Now the resistance 40 is broken we have a strong support and can test the next resistance of pre covid value 43.6
In my opinion, the oil stocks may enter in euphoria and FP is maybe only at the beggning of a rallye for spring.
Just eat TakeAway.com once in a year+ buying opportunityI think the chart speaks by himself
PS : i think it will jump alot faster
$TakeAway
ING ready to goRSi is suitable for an uptrend.
Cup and handle confirmed.
TP 9.8
SL 5.64 or follow blue trend line
AIR LIQUIDE target price @174.75€ +29%AIR LIQUIDE activated a second bullish impulse with a target price at 174.75€ that is +29% from current price. It has also recently broken a falling wedge with target price at 149.15€ +10% from current price.
AB INBEV - Make it or break itAB INBEV is at a major resistance level. Following on a strike of major daily returns, technicals indicate a potential break of the resistance level. RSI index however, seems to indicate that the stock is about to break down. Additionally, fundamentals are still not strong enough to sustain a break. This is a stock with long-term potential, however, i guess a decrease to the price level of 46 is the most likely short-term scenario. However, keep an eye on the upside!
#21 - Freelance.comTrade opened today.
Previous closed stock trade :
#1 : Air China : Position return : - 17.38 %.
ASMI ; ResistanceI'm watching the resistance for the coming days.
If it goes through the 213 trend reversal is confirmed
TAKEAWAY (TKWY) Big upwards potential !Takeaway just confirmed the bottom by not dropping under the channel band on the weekly.
Therefore I will take a trade to try to reach the upper band (122)
RSI: Oversold
EMA200
ABC correction (Elliott Wave)
On balance volume is shaping up.
A rebound seems reasonable.
Enter:
First target: 95
Second Target: 122
SL: 72
Risk Reward Ratio: 1/5
ASM possible upside moveDaily and 4h bullish divergence, retested support level and broke supplyline
PostNL max 4.50. Now the best time in years. PostNL max 4.50. Now the best time in years because of Corona. When the shops open, short will follow, good moment to buy extra stocks.
ADYEN: Wait for the last dipWe need to stay in the channel but need a bounce.
RSI is showing divergence, but I feel like we're going to dip and bounce again.
VGP euronext short ideaShort idea based on:
1. Peak of rising wedge.
2. High volume rejection candles.
3. Gaps identified.
Stoploss: Above ATH.
FYI: High time frame support levels are highlighted on the chart.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
Decent bounce incoming or death time for unileverCould be a good bounce moment, ~42 seems a good bounce area since it was a long term resistance / support. If it goes below 40 I would sell it since it would follow the big head and shoulder pattern and go down hard.
